CHAPTER- I

INTRODUCTION

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 1.1 : Introduction to Topic :

Every financial manager is involved in financial decision making and financial planning
in order to take right decision at right time, he should be equipped with sufficient past and
present information about the firm and its operations and how it is changing overtime. Much of
this information that is used by financial manager to take various decisions and to plan for the
future is derived from the financial statements.

The project, Financial Statement Analysis of “SHRI. BHAUSAHEB THORAT

AMRUTVAHINI SAH. BANK LTD. GHULEWADI focuses to analyze the financial
statements and to study different ratios over the period of 5 years to determine the financial
position of “SHRI. BHAUSAHEB THORAT AMRUTVAHINI SAH. BANK LTD.
GHULEWADI. Financial analysis involves the use of various financial statements. These
statements do several things. First, the balance sheet summarizes the assets, liabilities and
owners equity of a business at moment in time, usually the end of a year or a quarter. Next the
income statement summarizes the revenues and expenses of the firm over a period of time while
balance sheet represents a snapshot of the firm s financial position at a moment in time.

Financial management is planning and controlling of financial resources of a firm with a

specific objective. Since, financial management as a separate discipline is of recent origin, it is
still in a developing stage. It is very crucial for an organization to manage its
funds effectively and efficiently.

Financial management has assumed greater importance today as the financial strategies
required to survive in the competitive environment have become very important. In the
financial markets also new instruments and concepts are coming and one must say that a finance
manager of today is operating in a more complex environment. A study of theories and concepts
of financial management has therefore become a part of par amount importance for academics as
well as for practitioners but there are many concepts and theories about which controversies exist
as no unanimous opinion is reached as yet.

The project, Financial Statement Analysis “SHRI. BHAUSAHEB THORAT

AMRUTVAHINI SAH. BANK LTD.GHULEWADI further aims at discussing and
understanding the concepts of financial management of Bank; the functions expect to be
performed by the financial management as well as the objectives of financial managements.

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 1.2 : OBJECTIVES OF THE STUDY :-

1) To study various ratios to determine the relationship of different factors which

have Impact on the financial position of the bank.

2) To determine the relative performance of the bank on the basis of ratio analysis.

3) To draw the correct picture of the financial operations of the bank in terms of liquidity,
solvency, turnover, profitability etc.

4) Analyze financial position of Shri. Bhausaheb Thorat Amrutvahini Sahakari Bank over 5
years.

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 1.3 : SCOPE OF THE STUDY

The research would be helpful in the following respect.

1. This will help the bank to know its performance vis-à-vis its competitors encompassing the
diverse parameters of evaluation .

2. It will help the bank to streamline its banking operations so as to synchronize its corporate
strategy to achieve the objective of an organization by identifying the drawbacks of prevailing
system.

3. It also throws light on the existing banking practices of bank and its relative efficiency in
terms of realization of overall corporate objective by focusing on key parameters of profitability.

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 1.4 : LIMITATIONS OF THE STUDY

1. Generally banks do not allow the outsider to have any study or research work in bank.
Therefore getting a project work in bank itself was very difficult.

2. The time span of the project was very shorti.e.2 months, which itself act as a major
constraints. Moreover studying the guidelines and applies it practically within short time
span was a task of great pressure.

3. Maximum secondary data is used.

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 1.5 : INDUSTRY PROFILE - (BANKING) :

Banking in India originated in the first decade of 18th century. The first banks were The
General Bank of India, which started in 1786, and Bank of Hindustan, both of which are now
defunct. The oldest bank in existence in India is the State Bank of India, which originated in the
"The Bank of Bengal" in Calcutta in June 1806. This was one of the three presidency banks, the
other two being the Bank of Bombay and the Bank of Madras. The presidency banks were
established under charters from the British East India Company. The east India gave a charter of
banking business

To this bank in 1809 and it was renamed as bank of Bengal. With the full patronage and
support of the east India Company, the bank of Bengal started the issue of paper currency in
1823 and was permitted to open branches in 1840. In this year, it was given the status of the
presidency bank of Bengal. In 1840 and 1843, the presidency banks of Mumbai and Kolkata
respectively were established. In 1920, these three banks were amalgamated to form the imperial
bank of India, which became the state bank of India after its nationalization in 1955.

They merged in 1925 to form the Imperial Bank of India, which, upon India's
independence, became the State Bank of India. For many years the Presidency banks acted as
quasi-central banks, as did their successors. The Reserve Bank of India formally took on the
responsibility of regulating the Indian banking sector from 1935. After India's independence in
1947, the Reserve Bank was nationalized and given broader powers.

A couple of decades later, foreign banks such as Credit Lyonnais started their Calcutta
operations in the 1850s. At that point of time, Calcutta was the most active trading port, mainly
due to the trade of the British Empire, and due to which banking activity took roots there and
prospered.

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CURRENT SITUATION:

Currently, banking in India is generally fairly mature in terms of supply, product range
and reach-even though reach in rural India still remains a challenge for the private sector and
foreign banks. In terms of quality of assets and capital adequacy, Indian banks are considered to
have clean, strong and transparent balance sheets relative to other banks in comparable
economies in its region. The Reserve Bank of India is an autonomous body, with minimal
pressure from the government. The stated policy of the Bank on the Indian Rupee is to manage
volatility but without any fixed exchange rate-and this has mostly been true.

In March 2006, the Reserve Bank of India allowed Warburg Pincus to increase its stake
in Kotak Mahindra Bank (a private sector bank) to 10%. This is the first time an investor has
been allowed to hold more than 5% in a private sector bank since the RBI announced norms in
2005 that any stake exceeding 5% in the private sector banks would need to be vetted by them.

Currently, India has 88 scheduled commercial banks (SCBs) - 27 public sector banks
(that is with the Government of India holding a stake)after merger of New Bank of India in
Punjab National Bank in 1993, 29 private banks (these do not have government stake; they may
be publicly listed and traded on stock exchanges) and 31 foreign banks. They have a combined
network of over 53,000 branches and 17,000 ATMs. According to a report by ICRA Limited, a
rating agency, the public sector banks hold over 75 percent of total assets of the banking
industry, with the private and foreign banks holding 18.2% and 6.5% respectively.

The country is flooded with foreign banks and their ATM stations. Efforts are being put
to give a satisfactory service to customers. Phone banking and net banking is introduced. The
entire system became more convenient and swift. Time is given more importance than money.
What Is Co-Operative Banking?

Co-Operative banking is banking organized on a co-operative basis. By Co-operative

organization,
We mean,

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“Voluntary concern, with equitable participation and control among all concern in any
enterprise.”

Definition of Co-operative Society-

1) The Indian Co-operative society Act 1912 sec 4 (c) consider a Co-operative society as, “a
society which has its objects the promotion of the economic interests of its members in
accordance with Co-operative principles.”

2) Prof. Paul Lambert has defined a :-

“Co-operative society as an enterprise formed and directed by an association of users,

applying within itself the rules of democracy and directly intended to serve both its own
members and the community as a whole.”

 Feature of Co-Operative Banking:

1. A Co-operative organization is an enterprise aiming at a certain business.
2. As an association of users, Co-operative banking is organized by those who
themselves require credit.
3. It works according to the rules of democracy. In other words, it works through boards
of directors. The directors are elected on the basis of one vote per member,
irrespective of the number of share purchased by him.
4. It is intended to serve both
a. Its own members,
b. The community as a whole.
5. Every co-operative bank works for a given objective like,
6. Serving the needs of commerce or agriculture or the
7. Proletariat, etc
PRINCIPLE OF CO-OPERATION:
A) Voluntary & Open Membership:-
Co-operative is voluntary organization to all persons able to use their service &
willing to accept & responsibilities of membership without gender social racial political or
religion discrimination.
B) Democratic Member Control :-

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 Co-operative is democratic organization controlled by their members who actively
participate in setting their policies and making decision.
C) Autonomy &Independence :-
Co-operative is autonomous, self help organization controlled by their members.
They enter into agreement with other organizations including government or raise capital
from State or Central governments participation in share capital.
D) Education Training & Publicity of Information:-
Co-operative provides education and training for their directors , managers and
employees so that they can contribute effectively to the development of their co-operative.
They inform general public particularly young people and opine, leaders about the nature
and benefits of co-operative.
E) Co-operation Among Co-operative :-
Co-operative serves their members most effectively and strengthens the co-
operative movement by working together through local national regional and inters national
structure.
F) Social Responsibility for Community:-
While focusing on members need and wishes co-operative work for the sustainable
development of their, communities through policies approved by their members.

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 1.6: COMPANY PROFILE (BANKING) :
Shri. Bhausaheb Thorat Amrutvahini Sah. Bank Ltd. is the top most credit cooperative
Bank in Sangamner. This bank is established on 7th June 1983. This bank is registered under
Maharashtra State Cooperative act 1960. Its registration number is Anr/Smr/Bank/1207-83
permitted by RBI. Its banking license number is DBOD/UBD/MH 348/P. Dated on 28 th July
1983.

This bank has one head office and Three branches as on March 2012. The number of
members is 5829and Share capital as on 31st march 2012 is 295.71 lacks. Its reserves are 516.96
lacks. Total deposits are 10825.04 lacks and total loans disbursed by the 6946.09 lacks. Its
investments are 4806.28 lacks and working capital is 12795.06 lacks.

The working staff of the bank is well qualified and efficient. This bank arranges training
programmes for staff and directors under the guidance of Mr. L.S.Wagh (General Manager,).
This bank also arranges the programs under the guidance of Vainkuth Mehta Rashtriya
Prabandhan Sanstha, Pune and Yashada, Pune. It also assistance Vikhe Patil Training Institution,
Pune. District co-operative Bank Association Training Centre. The bank development is only
depends on the services provided. This bank provides the following services to their customers.

1] Immediate cheque clearance (All over India).

2] Insurance facility.
3] Other facilities.
4] Safety Locker system.

This banks charges very low charges for the above services. For senior citizens the bank
gives 0.5 % extra interest on their deposits. Accounting process of the bank is computerized. The
Board of directors always thinks the welfare of the members and account hold bank. Pigmy
agents for collection of day to day saving are also appointed and the facility of various types of

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saving account i.e. Saving account, Current account, Fixed Deposit account, and Recurring
account and other various types of accounts are provided.

Bank providing following types of Loans:

1) Housing Loans :
Amrutvahini co-operative Bank provide housing loans at 16% interest rate.
2) Personal/self employment loans:
Amrutvahini co-operative Bank provide personal/self employment loans at the
interest rate of 16%.

3) Education loans:
For the purpose of Education Bank provide education loans to students at 16% of
interest rate.
4) Vehicle loans/Transport Operators:
Amrutvahini co-operative Bank provide Vehicle loans at 16% interest rate.
5) Small scale & large scale:
Bank provides loans to Small scale and Large scale businesses at the 16%interest
loans.
6) Hypothecation loans:
Bank provide this loans at 16% interest rate.
7) Fixed Loans:
Bank providing fixed loans to Agriculture related business at the interest rate of
16%.

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 1.7 : PRODUCT PROFILE
Shri.Bhausaheb Thorat Sah.Bank offers its customers various types of products and
services so that they can make the most of their banking experiences. The wide range of the
services and products consist of:
Service Provided By Bank:
1) Loan Distribution:
An arrangement in which lender give money or property borrower and borrower agree to,
to return the property or repay the money usually along with interest at the future point in time
usually there is predetermine time for repayment of loan and generally lender has bear the risk
that borrower may not repay a loan.
Following types of loan bank providing:
i. Housing Loans
ii. Personal/self employment loans
iii. Education loans
iv. Vehicle loans/Transport Operators
v. Small scale & large scale
vi. Hypothecation loans
vii. Fixed Loans

2) Deposit:
Fund placed into an account at a depository institution increase the credit account balance.
3) Issue demand draft:
Bill of exchange payable on demand that is on presentment person or party that wrote the
draft is called as drawer; the person, party or a bank who is expected to pay it (on whom it is
drawn) is called as drawee or a payer and the person or party who received the payment is called
as payee.
e.g.: cheque is a demand draft drawn on bank.

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4) Saving Account:
A bank account in which you keep money that you want to save for a period of time, and
which pays you interest on the money you have in it.

1.8 : THEROTICAL BACKGROUND

Financial Statement Analysis
Introduction:
A Financial Statement is a compilation of data, which is logically and consistently
organized according to accounting principles. Its purpose is to convey an understanding of some
financial aspects of a business firm. It shows a position at a movement in time, as in the case of
balance sheet, or reveals a series of activities over a given period of time, as in the case of an
income statement. Financial statements are the major means through which firms present their
financial situation to stock holders, creditors and general public. The majority of firms which
include extensive financial statements in their annual reports, which receive wide distribution.

Nature of financial statement Analysis

Financial Statement Analysis consist of the application of analytical tools and techniques
to the data in financial statements in order to derive from them measurements and relationships
that are significant and useful for decision making. The process of financial analysis can be
described in various ways, depending on the objectives to be obtained. Financial analysis can be
used as a preliminary screening tool in the selection of stocks in the secondary market. It can be
used as a forecasting tool for future financial conditions and results. It may be used as a process
of evaluation and diagnosis of managerial, operating or other problem areas. Above all, financial
analysis reduces reliance on intuition, guesses and thus narrows the areas of uncertainty that is
present in all decision making processes. Financial analysis does not less on the need for
judgment but rather establishes a sound and systematic basis for its rational application.

Sources of Financial Information:

The financial data needed in financial analysis come from many sources. The primary
source is the data provided by the firm itself in its annual report and required disclosures. The
annual report comprises the income statement, the balance sheet, and the statement of cash
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flows, as well as footnote to these statements. Besides this information such as the market price
of securities publicly traded corporations can be found in the financial press and the electronic
media daily. The financial press also provides information to stock price indices for industries
and for market as a whole.
The Principal Tools of Analysis:
In the analysis of financial statements, the analyst can have a variety of tools available
from which he can choose the best suited to his specific purpose. The following are the important
tools of analysis.

The Principles Tools/Techniques of Financial Analysis:

Tools of Financial Analysis

Ratio Trend Fund Flow Cash Flow

Analysis Analysis Analysis Analysis

Ratio Analysis:

This is the important tool available to financial analyst for their work. An accounting
ratio shows the relationship in mathematical terms between two interrelated accounting figures.
The figures have to be interrelated, because no useful purpose will be served if ratios are
calculated between two figures, which are not all related to each other.

History of financial Analysis:

Analysis of financial statements has had its greatest growth since 1990 s. A major
impetus came from increasing need from increasing need on the part of grantors of commercial
credit such as bankers, financial institutions etc, to understand the condition of their customer. At
the same time businessman need to understand their own conditions of their own enterprise in

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order to assure its survival in stress of competition. Satisfaction of these needs has been assisted
by the continuous development of accounting as a science and passing of income tax law in1993.
This required preparation of balance sheets and income statements, as they are the basic
statements required for the income tax purpose. Thus a reasonably reliable data from which
typical financial ratios could be calculated has become increasingly available. Between 1919 and
1929 four men pioneered in development of financial ratios. These where James bliss who
published a book on this subject in 1923. Alexander wall, head of Robert Morris associates and
Raymond W Dunning, published a work on this subject in 1928 and Roy Foulke, who made
some of the first detailed compilations and studies between 1925 and 1928.

Conceptual Framework of Ratio Analysis:

Financial ratios are always fascinating because they convey the impression of precision in
analyzing the financial position of the company. Financial ratios are only tools of analysis.
However their effectiveness depends upon the know how of using them for specific purpose. The
ratio is relationship between two variables. Any number of relationships that is ratio can
construct provided we first identify the variables to be studied. Therefore there is nothing like
standard set of ratios which can be used at any time for any purpose. New ratio can be developed
specifically for the purpose or the mechanics of constructing the given ratio can be suitably
adjusted to suit the purpose. Intact a resourceful financial analyst can develop novel and
fascinating ratios which can serve his purpose better than the pedestrian stock.

Having established the point that ratios should be constructed and used keeping in view
the purpose, we shall examine generally the purpose for which the ratio analysis could be
employed. Ratios are used as tools of appraising financial performance of the company. There
two distinct viewpoints in such analysis; the managements viewpoint and the investors
viewpoint. The interests of both these groups are not mutually exclusive; they are complimentary
to each other. Both these groups are interested in key areas that compromise the financial
performance of the company.

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Analysis and Interpretation of Financial Statements:

Financial statement comprises the following:

Trading and Profit and Loss Account which give the results of a year s working. Profit
and loss appropriation account, which gives details about the disposal of the retained income.
Balance sheet which gives the financial position of the undertaking as on the accounting date.

The meaning of Analysis and Interpretation:

The financial statements are of much interest to a number of groups of persons. Apart
from management, there are other interested parties like shareholders, debenture holders,
potential investors, large and small bankers, trade creditors, journalists etc. who are increasingly
getting interested in the analysis and interpretation of financial statements. According to F Wood
business accounting to interpret means, to put the meaning of a statement into simple terms for
the benefit of person. This is essentially done through the tools of analysis such as comparative
statements, common size statements and ratio analysis. The tools of analysis only help in
establishing relationship between one accounting figure and another in the financial statements
and go no far. It is the expert who has to grasp the significance of related figures and from an
opinion as to whether the ratio calculated indicates the favorable or adverse state of affairs.
Therefore, while analysis comprises resolving the statement by breaking them in to simpler
statements by a process of understanding the terms of such statement and forming opinions or
inferences about the financial health, profitability, efficiency and such other aspects of the under
taking.

Definition-
John N. Meyar-

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 “The financial Statement provides a summary of the accounts of the business enterprise,
the balance sheet reflecting the assets, liabilities and capital as on certain data and the income
Statement showing the result of operation during the certain period.”

Objective of Financial Statement

1. To provide adequate information about the financial performance and the assets,
liabilities position of the business.

2. To judge the debt servicing capacity of the firm.

3. To know the return on capital employed or invested.

4. To understand the long-term and short-term solvency of the firm.

5. To evaluate the profitability enterprise.

6. To judge the financial health of the firm.

RATIO ANALYSIS

MEANING OF RATIO:

A ratio is a simple arithmetical expression of the relationship of one number to another.

According to Accountants Handbook by Wixon Kell and Bedford, a ratio is an expression of the
quantitative relationship between two numbers. In short it can be defined as the indicated
quotient of two mathematical expressions. The ratios can be expressed in

1) Percentages (%)

2) fraction and

3) Proportion of numbers.

MEANING OF RATIO ANALYSIS: -

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 Ratio Analysis is the process of determining and interpreting numerical relationship
based on financial statement. It is defined as the systematic use of ratio to interpret the
financial statement so that the strength and weakness of a firm as well as its historical
performance and current financial conditions can be determined. A ratio is a statically yard
stick that provides a measure of the relationship between variables and figures. The relationship
between variables or figures can be expressed in fractions.

Ratio Analysis is a technique of analysis and interpretation of financial statements. It is

defined as the systematic use of ratios to interpret the financial statements so that the strengths
and weaknesses of a firm as well as its historical performances and current financial condition
can be determined. There are a number of ratios which can be calculated from the information
given in the financial statements, but the analysts has to select the appropriate date and calculate
only a few appropriate ratios from the same keeping in mind the objectives of analysis.

Ratio Analysis enables the business owner/manager to spot trends in a business and to
compare its performance and condition with the average performance of similar businesses in the
same industry. To do this compare your ratios with the average of businesses similar to yours
and compare your own ratios for several successive years, watching especially for any
unfavorable trends that may be starting. Ratio analysis may provide the all-important early
warning indications that allow you to solve your business problems before your business is
destroyed by them.

CLASSIFICATION OF RATIOS: -

The ratios may be classified under various ways, which may use various criterions to do
the same. However for the convenience purpose, the ratios are classified under following groups.

A] Liquidity Ratios

B] Profitability Ratios

C] Turnover Ratios

D] Solvency Ratios.

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A] LIQUIDITY RATIOS:

The ratios computed under this group indicate the short-term position of the organization
and also indicate the efficiency with which the working capital is being used. Commercial banks
and short-term creditors may be basically interested in the ratios falling under this group. Two
most important ratios may be calculated under this group.

1)Current Ratio: -

It is calculate as, Current Assets

Current Liabilities

Current ratio indicates the backing available to current liabilities in the form of current assets. In
other words, higher current ratio indicates that there are sufficient assets available with the
organization, which can be converted in the form of cash. A current ratio of 2:1 is supposed to be
standard and ideal.

2)Current Assets to Fixed Assets:

It is calculate as, Current Assets

Fixed Assets

B] PROFITABILITY GROUP

1)Gross Profit Ratio: -

It is calculated as, Gross Profit *100

Net Sales

The gross profit ratio indicates the relation between production cost and sales and efficiency with
which the goods are produced or purchased. A high gross profit ratio may indicate that the
organization is able to produce or purchase at a relatively lower cost.

2) Net Profit Ratio: -

It is calculated as, Net Profit after Taxes *100

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 Net Sales

The net profit ratio indicates that portion of sales available to the owners after the consideration
of all types of expenses and costs either operating or non operating or normal or abnormal. A
high net profit ratio indicates higher profitability of the business.

3) Operating Ratio: -

It is calculated as, Mfg COGS + operating expenses *100

Net Sales

This ratio indicates the percentage of net sales, which is absorbed by the operating cost. A high
operating ratio indicates that only a small margin of sales is available to meet the expenses in the
form of interest, dividend and operating expenses. As such low operating ratio will always be
desirable.

This Ratio shows the Relationship between the Operating expenses plus (+) Cost of Goods Sold
(CGS) to Net Sales.

Overall Profitability Group :

1)Return on Equity :-
The return on equity indicates the profitability of Bank in relation to equity funds
invested in the firm. Return on equity is regarded as very important measures because it reflects the
productivity of the ownership (or risk capital employed in the firm). This ratio indicates percentage
of net profit available for equity share holders to equity shareholder s fund.

Thus,
Equity Earning
Return on Equity = ---------------------------
Net Worth

2) Return on Assets: -

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Return on Assets ratio measure the profitability ratio in terms of relationship between Net
Profit and Assets. There are various approaches possible to define net profit and Assets.

Assets may be variants of return on assets are:

Net Profit after Taxes

Return on Assets = --------------------------------------
Average Total Assets

4)Earning Per Share:-

Earnings per share are the net profit after tax and preferences dividend, which is earned
on the capital representative of one equity share. It calculated as :-

Profit after tax available to equity holders

Earnings per share ratio = -----------------------------------------------------------------
Number of ordinary share
It is widely used ratio to measure the profit available to shareholders on a per share basis. As
such increasing earning per share may indicate the increasing trend of current profits per equity
share.

C] TURNOVER RATIOS:

Ratios computed under this group indicate the efficiency of the organization to use the
various kinds of assets by converting them in the form of sales. Under this group the following
classification of ratios are made.

1) Fixed Assets Turnover Ratio: -

It is calculated as, Net Sales

Fixed Assets

A high fixed assets turnover ratio indicates the capability of the organization to achieve
Maximum sales with the minimum investment in fixed assets. It indicates that the fixed assets
are turned over in the form of sales more number of times.

2) Working Capital Turnover Ratio: -

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It is calculated as, Net Sales

Working Capital

A high working capital turnover ratio indicates the capability of the organization to achieve
maximum sales with the minimum investment in the working capital. It indicates that working
capital is turned over in the form of sales more number of times.

D]SOLVENCY GROUP :

Ratios computed under this group indicate the long-term financial prospects of the
company. The shareholders debenture holders and other lenders of long-term finance/ term loan
may be basically under this group. Following ratios may be computed under this group.

1) Debt-equity Ratio: -

It is calculated as, External Liabilities

Shareholders Fund

Debt-equity ratio indicates the state of shareholders or owners in the organization vis-à-vis that
of the creditors. It indicates the cushion available to the creditors on liquidation of the
organization. A high debt-equity ratio may indicate that financial status of the creditors is more
than that of the owners.

2) Proprietary Ratio: -

It is calculated as, Proprietors Fund

Total Assets

This ratio indicates the extent to which the owner s funds are sunk indifferent kinds of assets. If
the owner s fund exceeds fixed assets, it indicates that a part owners fund invested in the current
assets also and if owners fund are less than fixed assets it indicates that the creditors finance a
part of fixed assets either by long term or short term.

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 This ratio indicates the proportion of proprietors fund used for financing the total Assets.
Generally the ratio is 2/3 or ¾ that means from the total assets 2/3 assets should be financed by
the own Funds.

CHAPTER-II

RESEARCH
METHODOLOGY

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RESEARCH METHODOLOGY:

MEANING OF RESEARCH:
Research is nothing but search for knowledge. Research can be defined as a scientific and
systematic search for pertinent information on a specific topic. Research is an art of scientific
investigation.

Research Methodology is a way to solve the research problem. It may be understood as a

science of studying how research is done scientifically. In research methodology collecting the
data is very important step. Data is classified in two types as primary data and secondary data.

DEFINITION OF RESEARCH:

“Research is a systematic, controlled, imperial and critical investigation of Hypothetical

proposition about the presumed relationship among natural phenomenon”.

TYPES OF RESEARCH:
1) Applied Research:
It is called as Action research. It aims at finding a solution for an immediate
problem facing to the society, business & an Organization.
2) Analytical Research:

In this research facts, information used to make critical evaluation.

In analytical research detailed analysis of facts is given.
3) Descriptive Research:

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 Descriptive research includes Surveys and rock finding enquiries of different
kinds. In this method researcher has no control over the variables. He can only report
what has happened and what is happening.
4) Fundamental Research:
This is basic or pure research. It is concerned with generalizations and with the
formulation of theory.

5) Quantitative Research:
This research is based on measurement of quantity or amount. The objective of
qualitative research is to develop and employ mathematical models, theories or
hypothesis pertaining to phenomena. Statistics is the most widely used branch of
mathematics in quantitative research.
6) Qualitative research:
This research concerned with qualitative phenomenon such as Quality or kind.
This research aims at discovering the underlying motives and desires. This research is
important behavioral science.
7) Conceptual Research:
Conceptual research is related to some abstract ideas or theory. This research
mostly used by Philosophers, thinkers to develop new concepts.

8) Empirical Research:
This research is based on experience or observation. It is database research, in
which first hand facts are main source of information, evidences gathered through
empirical studies or experiments.
9) Historical Research:
The research in which historical records, documentation, study of past events is
used to prove something.
10) Longitudinal Research:

From the point of view of time, the research which is carried on several times
period is called as longitudinal research.
11) Field research:

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 It is a research that is carried in actual domain of problem. i.e. instead of working
in Labs. The researcher will actually work in live situation.
12) One time Research:
It is a research, that research related with single time period.
13) Exploratory Research:

It is research in which the development of hypothesis.

14) Laboratory Research:

Research that is carried on in Laboratory is called as laboratory research.
15) Formalized Research:

It is a research ,which has a specific approach , test a specific hypothesis

Based on substantial structure.
16) Decision oriented Research:
This is a research, specific always made for decision maker. It is based on
Scientific approach.
17) Conclusion oriented research:
In this research, researcher is free to pick up a problem, redesign the enquiry as he
proceeds & prepare to conceptualize as the wishes.

COLLECTION OF DATA:

Data means facts. Data are those things from which conclusion may be drawn in the form
of figures or in words.
Collection of data is essential part of research. The task of data collection start after the
objective of the study and research design had been decided in red to measure properties. I
collect unit of analysis for observation and study & that is understood as the research data.

PRIMARY DATA:
The information is collected through the primary sources like:-
 Talking with the employees of the department.
 Discussion with the head of the department.

26
This data is generated specifically for the purpose of working out the project. This data means,

The first hand Information, which is collected through various sources such as,

1) Observation Method :-
To observe means to see and notice or watch carefully For this purpose I visit the co-
operative society. So as to observe internal working of the bank due to which I got reliable and
valid data for research concern.
2) Interviews:-
So as to furnish more reliable data of sketched one questionnaire, which contain all related
information about project concern
3) Library Method :-
Library is important source of knowledge. I took the financial statement of the bank for the
last consecutive three years through the library of the co-operative bank. They also provide me
some valuable reference for his project concern.

4) Data Analysis:-
Use of average and interest method and representing data via diagrammatic
representation.
 SECONDARY DATA :
Secondary data is the data that are already available i.e. they refer to the data which have
already been collected and analyzed the by someone. After doing the data collection in primary
data, the researcher did the collection through the secondary data. In this there are several types
such as:
a) Books.
b) Internet.
c) Record available at Bank.
d)Annual Reports of the Bank.
e) Office manuals of the department.
The data is collected through the secondary sources like:-
Reference Books :-

27
Theory relating to the subject matter and various concepts. Taken up from various financial
reference books.

Projected Statements :-
The figures are collected from Projected statements like Balance Sheet, Profit & Loss A/C, etc.
Internet:- Theory relating to the subject matter and various concepts.

CHAPTER- III

DATA ANALYSIS
AND
INTERPRITATION

28
Following Table showing Ratio Analysis points

(Figure in Lacs)

Sr.no. Particulars 2012-13 2013-14 2014-15 2015-16 2016-17

1]
1 Investment 1901.56 2325.01 3833.94 33.8139 4806.28
2 Total Deposit 4286.80 5648.14 7321.50 8401.72 10825.04
3 Net Profit 10.76 40.77 13.42 34.26 40.87
4 Total Income
5 Fixed Asset 18.19 37.67 454.10 437.76 453.40
Total Lo
6 2835.80 3488.46 4408.60 5545.19 6946.10
an
7 Share Capital 123.06 151.53 192.25 235.90 295.71
8 Reserve & Surplus 357.87 443.26 478.53 502.05 516.96
9 No.of Shares 5143 5270 5486 5659 5829
10 Dividend 4.5% 10% 6% 7% 8%
11 Working Capital 4967.45 6724.96 9194.19 10341.70 12795.06
LIQUIDITY RATIO:

Liquidity ratios measure the extent to which the firm can meet its immediate obligations. They
also reflect the firm's ability to meet financial contingencies that might arise.

29
1] Current ratio:
The current ratio measures the ability of the firm to meet its current liabilities. The current assets
get converted into cash into the operational cycle of the firm and provide the fund needed to pay
current liabilities. The higher the ratio, to ward off.

Formula: -
Current Assets
Current Ratio = ------------------------
Current liabilities

(Figures in Lacs)

Year Current Assets Current Current

liabilities Ratio
2012-13 2066.14 824.47 2.50 :1
2013-14 2925.02 1096.76 2.66: 1
2014-15 4159.05 1271.19 3.27: 1
2015-16 4181.96 1795.78 2.32: 1
2016-17 5143.19 1632.51 3.15: 1

Analysis : Amrutvahini Co-operative Bank has a current ratio in the year 2012-13 was
recorded 2.5 and in the year 2013-14 it was 2.66 after 2014-15 it was in increasing trend but
30
during in 2015-16 it decrease. In year 2016-17 current ratio increase 2.32 to 3.15.

Interpretation: Current ratio indicates the solvency of bank i.e. ability to meet its liabilities. The
ideal current ratio is 2:1. In 2016-17 Bank has current ratio 3.15 which means bank has Bank has
excellent liquidity position. Thus, bank has sufficient assets to be converted into cash in order to
meet timely requirement.
2] Current Assets to Fixed Assets:
Formula:
Current Assets
Current Assets to Fixed Assets =
Fixed Assets
(Figures in Lacs)

Year Current Assets Fixed Assets Current

Asset to
Fixed Asset
Ratio
2012-13 2066.14 18.19 113.58 Times
2013-14 2925.02 37.66 78 Times
2014-15 4159.05 454.09 9.15 Times
2014-16 4181.96 437.76 9.55 Times
2016-17 5143.19 453.97 11.32 Times

31
Analysis: As per the calculation Ratio in 2012-13 bank has 113.58 ratio & in year ratio
decreased to 78.From 2014-15 to 2015-16 ratio is continuously decreased. But in year 2016-17
ratio shows small improvement i.e. 11.32

Interpretation: From 2014-15 to 2015-16 ratio decreases because of the continuously increased
Fixed Assets as compared to current assets. Lower the ratio lower would be the utilization of
Fixed Assets means Bank has not utilized its fixed assets effectively. But ratio is increase in
2013-14.

2) Profitability Ratios:

i) Gross Profit ratio.

ii) Net Profit Ratio.

iii)Operating Ratio.

i) Gross Profit ratio:

Gross Profit is the difference between sales and the cost of goods sold. Gross profit is critical
because it represents the amount of money remaining to pay operating costs, financing costs, and
taxes and to provide for profit. The gross profit margin is the amount of each rupee of sales left
over after paying the cost of goods sold.

G / P RATIO = Gross Profit *100

Net Sales

32
 (Figures in Lacs)

Year Gross Profit Net Sales Gross Profit

2012-13 35.26 2835.80 1.24 %

2013-14 129.27 3488.46 3.70 %

2014-15 60.85 4408.60 1.38 %

2015-16 115.33 5545.19 2.07 %

2016-17 95.02 6946.10 1.36 %

Analysis; Gross Profit ratio of bank in year 2012-13 is 1.24 but in next year it increased to
3.7%.In 2014-15 gross profit ratio is 1.38%.In 2015-16 it increased by 2.07% and next year it is
1.36%.

Interpretation: The gross profit ratio indicates the relation between production cost and sales
and efficiency with which the goods are produced or purchased. Ratio shows up and downs in
2015-16 to 2016-17.In year in 2013-14 ratio have decreased 2.07 to 1.36%. Gross profit ratio has
fall down it indicates that bank having less profitability.

33
ii) Net Profit ratio:

Net profit ratio relates net profit to the firm's sales level. It indicates what per cent of every rupee
of sales; the firm was able to convert into net profit. The net profit margin measures the profit
that is available from each rupee of sales after all expenses have been paid, including cost of
goods sold, selling, general, and administrative expenses, depreciation, interest and taxes. The
formula is as follows:

Net profit (after taxes)

Net Profit ratio = ------------------------------ x 100
(Net) Sales

(Figures in Lacs)

Year Net Profit Net Sales Net Profit

Ratio
2012-13 10.75 2835.80 0.37 %
2013-14 40.76 3488.46 1.16 %
2014-15 13.42 4408.60 0.30 %
2015-16 34.25 5545.19 0.61 %
2016-17 40.86 6946.10 0.58 %

34
Analysis: Bank has 2.44% net profit ratio in year 2012-13 but next year ratio increased by 5.62%.

year 2016-17 ratio slightly decreased by 3.19%.

Interpretation: This ratio helps to determine efficiency with which operations are managed.
In year 2013-14 Net profit Ratio of bank has increased to 0.37% to 1.16% because of increasing
In Net Profit. In 2015-16 ratio is decreased 0.58%.The decreased ratio indicates bank has no improvement
in operational efficiency
iii) Operating Ratio :
Cost of Goods Sold + Operating Expenses *100

Net Sales

(Figures in Lacs)

Year CGS + Net Sales Operating

Operating Ratio
Expenses
2012-13 2872.33 2835.80 101.28 %
2013-14 3451.74 3488.46 98.94 %
2014-15 4469.11 4408.60 101.38 %
2015-16 5613.73 5545.19 101.23 %
2016-17 7048.80 6946.10 101.47 %

35
Analysis: Operating ratio of bank has 108.3 % times in year 2012-13 but next year it fallen
by101.28%.In year 2013-14 it highly decreased to 98.94.In 2014-15ratio shows improvement
101.38 and in 2015-16 ratio increasing to 101.23% to 101.38%.
Interpretation: Operating Ratio is decreased in year 2013-14 because of increased in operating
expenses. But from 2015-16 to 2016-17 operating ratio is continuously increasing because of
increased net sales.
Overall Profitability Group:
i) Return on Equity.
ii) Return on Total Assets.
iii) Earning Per Share.
i) Return on Equity =
Net Profit after income tax, interest *100
Shareholder fund
(Figures in Lacs)

Year Net Profit after Equity capital Return on

tax and Equity
interest
2012-13 10.75 480.93 2.23 %
2014-15 40.76 594.79 6.86 %
2014-15 13.42 684.20 1.97 %
2015-16 34.25 964.69 3.55 %
2016-17 40.86 1077.8 3.80 %

36
Analysis: Return On Equity ratio of bank has 2.23% in year 2012-13 but in year 2013-14 ratio
highly increased to 6.86%. In 2014-15 ratio fall down with 1.97%.In 2015-16 it was increased to
3.55% and in 2016-17 ratio shows small improvement is 3.80%
Interpretation: In year 2013-14 Return on Equity Ratio has increased 2.23% to 6.86% because
of increased in net profit.Return on equity ratio is increased in 2016-17 as compared to last two
years.This shows that bank is utilizing its resources better year by year, which indicates that
overall efficiency of the Bank is increasing.
ii) Return on Total Assets =
Net Profit after income tax, *100
Total Assets
(Figures in Lacs)

Year Net Profit Total Assets Return on

Total
Assets
2012-13 10.75 5170.17 0.20 %
2013-14 40.76 6734.19 0.60%
2014-15 13.42 9378.54 0.14 %
2015-16 34.25 10537.15 0.32%
2016-17 40.86 12986.87 0.31%

37
Analysis: Return On Assets ratio of bank shown tremendous raise in 2013-14 with 0.60%.in
year 2014-15 it decreased by 0.14%.But in year 2015-16 and 2016-17 ratio is increasing by
0.32% and 0.31%.

Interpretation: ROI ratio of bank is increased in year 2008-09 by 0.60% because net profit
increased for the year. It can be referred that the financial year 2014-15 had not so good ratio
because of high expenses. However company is improving in year 2016-17 ratio is 0.31%

iii) Earning Per Share (EPS):

Profit after tax available to equity holders

Earnings per share ratio = -----------------------------------------------------------------
Number of Equity share

Year Net Profit No.of Equity Earning

shares Per Share
2012-13 10.75 5143 209.11
2013-14 40.76 5270 773.43
2014-15 13.42 5486 244.82
2015-16 34.25 5659 605.23
2016-17 40.86 5829 700.97

38
Analysis: EPS of bank is Rs.209.11 in year 2013-14.In year 2014-15 EPS is fall down to
Rs.244.82.In financial year 2015-16 earning per share is Rs.605.23.In year 2016-17 EPS is
increased to 700.97.
Interpretation: The earning per share is good measure of profitability and when it compared
with E.P.S. of previous 5 years, it gives view of comparative earning power of firm. The earning
per share of the bank for 5 years for 2012-13 is Rs.209.11 which increased up to Rs.700.97 in the
year 2016-17.
3) Turnover Ratio:-
i )Working capital turnover Ratio.
ii)Fixed Asset Turnover Ratio.
i )Working capital Turnover ratio:
Ability to generate sales per rupee of fixed assets.
Net sales *100
Working capital turnover ratio =
Net Working capital
(Figures in Lacs)

Net Working Working capital

Year Net Sales capital Turnover ratio

2011-12 2835.80 4967.45 57.08 Times

2012-13 3488.46 6724.96 52 Times
2013-14 4408.60 9194.69 48Times
2014-15 5545.19 10341.70 54 Times
2015-16 6946.10 12795.06 54.28 Times

39
Analysis: In a 2012-13 year Working capital turnover ratio of Amrut vahini Bank has 57.08%

in year 2013-14 it decreased to 52%..But after consistently decreasing up to 48% in 2014-15

Then ratio has continuously increase year by year up to 2016-17 with 54% to 54.28%.

Interpretation: The higher this ratio, the better is the utilization of the working capital. Working
capital turnover ratio of bank is continuously increased from 2014-15 to 2015-16,48% to
54.28%.Which means bank is effectively utilized its working capital.

iii) Fixed Assets Turnover Ratio: -

Net Sales *100

Fixed Assets

Year Net Sales Net Fixed Assets Fixed Assets

Turnover ratio
2012-13 2835.80 18.19 2417.27 Times
2013-14 3488.46 37.67 1924.50 Times
2014-15 4408.60 454.10 173.19 Times
2015-16 5545.19 437.76 203.84 Times

2016-17 6946.10 453.40 282.10 Times

40
Analysis: In year 2012-13 Bank has high Fixed Assets Turnover Ratio in shortly fallen in next
year 2013-14.But from 2014-15 and 2015-16 it fall down. In year 2016-17 ratio shows small
improvement.
Interpretation: In year 2012-13 and 2013-14 Bank has high Fixed Assets Turnover Ratio but
from 2014-15 to 2015-16 it fall down because of increased in net fixed assets. In 2016-17 ratio
shows little rise because of increased net sales and net fixed assets.
4) Solvency Ratio:-
i) Debt Equity Ratio.
ii) Proprietary Ratio
1) Debt Equity Ratio:
Formula:
Long term debts/ External Liabilities
Shareholders Fund

Year Long Term Shareholders Debt Equity Ratio

Debt Fund
2012-13 4286.80 480.93 8.91 Times
2013-14 5648.14 594.79 9.49 Times
2014-15 7321.50 684.20 10.70 Times
2015-16 8401.72 964.69 8.70 Times

2016-17 10825.04 1077.8 10.04 Times

41
Analysis: Debt Equity Ratio of bank has 8.91in 2012-13.From 2013-14 to 2014-15 ratio is
continuously increased 9.49 to 10.7.In 2015-16 ratio fall down to 8.7 But ratio increased in year
2016-17 is10.04.

Interpretation: From year 2012-13 to 2014-15 ratio has continuously increased. Bank has high
Debt Equity Ratio means ratio may indicate that financial status of the creditors is more than that
of Owners. A high debt-equity ratio reflects a speculative situation. In 2016-17 ratio increased as
compared to previous year 8.70 to 10.04 because of highly increased Debts.

2) Proprietors Ratio :
Proprietors Fund
Formula: Proprietors Ratio =
Total Assets
(Figures in Lacs)

Year Proprietors Total Assets Proprietors Ratio

Fund
2012-13 480.93 5170.17 0.093 Times
2013-14 594.79 6734.19 0.088 Times
2014-15 684.20 9378.54 0.072 Times
2015-16 964.69 10537.15 0.091 Times
2016-17 1077.8 12986.87 0.082 Times

42
Analysis:
Proprietors ratio of bank in year 2012-13 has a 0.093 times and it started to decline
From 2012-13 to 2014-15 i.e.0.093 to 0.072.In year 2015-16 ratio in increased to 0.091but in
year 2016-17 ratio is decreased with 0.082.

Interpretation:
Proprietors ratio of bank has continuously decreased from 2012-13 to 2014-15 because
of increased in Total Assets as compared to increased in proprietors fund. In year 2016-17 ratio
decreased as compared to 2015-16 because of increased Owners Fund. A high proprietor’s ratio
is indicative of strong financial position of the bank. The higher the ratio, the better it is.

43
 CHAPTER- IV

FINDING

44
 FINDINGS

1. Current Ratio of the Amrut vahini Bank is every year more than standard ratio i.e.2:1 its
good for bank. Bank is having that more Current Assets than Current Liabilities for all
the years.
2. Current Assets to Fixed Assets ratio shows that Current Assets and Fixed Assets increase
simultaneously but ratio fall down in the year 2010-11 and increase in year 2014-15 and
2016-17. It is better for the bank to analyses financial position of Bank.
3. The gross profit ratio of the company is fall down in year 2016-17.

4. Net Profit of Bank is increased every year as compared to previous years. But with that
Net sales also increase year by year. Because of that net profit ratio decreased in 2016-17
The decreased ratio indicates bank has no improvement in operational efficiency.
5. The return on Equity ratio of Amrutvahini Bank is continuously improving which implies
that the investment of stockholders is effectively used.
6. The Earning per Share of Amrutvahini Bank is continuously increasing year by year.
7. Fixed Assets Turnover Ratio is decrease which indicates the bank is not capable to
achieve Maximum sales with the minimum investment in fixed assets.
8. Debt Equity Ratio of bank was increased in 2016-17year as compared to last year debt
equity. Bank has high Debt Equity Ratio which indicates that financial status of the
creditors is more than that of Owners.

45
 CHAPTER- V

CONCLUSIONS

46
 CONCLUSION

After the completion of my project in“SHRI. BHAUSAHEB THORATAMRUTVAHINI

SAH.BANK LTD. GHULEWADI” Sangamner, I learned a lot from the time I spent at the bank about
How Executives carry out their work, what are the responsibilities of the staff & what are the
daily Operational activities & services of the bank. From the research we are aware about the
profitability of “SHRI. BHAUSAHEB
THORAT AMRUTVAHINI SAH. BANK over 5 the years. Thus, during my visit to
Amrutvahini Bank, I found that the bank is very much dedicated & sincere in all its
undertakings. Besides, it is unbeatable facilities and international access will lead it to success
with real asset in the form of intelligent personnel.
The net profit for the year 2016-17 is excellent and it is 3.19 % past year indicating
reduction in operating expenses and large proportion of net sales available to the shareholders of
company. The company has excellent overall profitability ratios indicating effective use of funds
provided be shareholders and creditors. According to the capital gearing ratio the Bank is geared
by including fixed income bearing securities with an intention to increase the Income of
shareholders.

The following are the conclusion of the study:-

 The profit making ability of Amrutvahini bank is sound as the N.P ratio and return on net
worth is in favors.
 Bank is paying enough dividends to share holders.

 The bank has a strong short term liquidity position as both the liquidity ratios and
profitability ratios are favorable and appreciable which concludes the company has got
sufficient assets to pay for debts.

47
 CHAPTER- VI

SUGGESTIONS

48
 SUGGESTIONS

1. Shri .Bhausaheb Thorat Amrutvahini co-operative Bank should try to maintain the growth
as far as Net profit ratio is concerned.

2. Shri. Bhausaheb Thorat Amrutvahini co-operative Bank should also focus on managing the
net worth of the company.

3. The Gross Profit ratio of the company is fall down so, improve the profitability ratio of
The company.

4. The Bank should try to generate more profits to satisfy the equity share holder of the Bank.
5. The bank should optimize the Equity share capital funds.

6. The bank should try to increase the market value of shares through efficiency &
effectiveness.
7. A high debt-equity ratio reflects a speculative situation. So, bank should try to raise equity
funds and minimize Debts..

49
 CHAPTER- VII

BIBLOGRAPHY

BIBLIOGRAPHY

50
REFRENCE

1) Annual Reports of Amrutvahini Sahahakari Bank.

2) Banking Journal & Magazines.

BOOKS
Following books were referred for carrying out the project: -

Financial Management – Vechalekar

Financial Management – I. M. Pandey
Financial Management = P. C.Pardesi

Web Sites:-

www.google.com
www.rbi.org
www.wikipedia.org

51
 CHAPTER- VIII

ANNEXUR

52
 Capital & Liabilities 2012-13 2013-14 2014-15 2015-16 2016-17

Share Capital 12305750.00 15153350.00 19225475 23589050 29570500

Reserve Fund & Other Reserves 35787380.98 44325651.08 49195976.86 72879089.04 78210774.83
Building Fund 5500000.00 8087061.92 9913836.09 10011361.82 11234606.15
Capital fund 2522130.57 0.00
Charity fund 126721.00 126721.00 126721.00 126721 126721
Dividend Eqalisation fund 944639.50 944639.50 944639.50 944639.50 944639.50
Reserve Fund 7437296.24 7978151.99 9069642.99 10359650.05 12315471.56
Reserve For Bad &D'Btful Debt A/c Fund 12200679.12 18768852.12 18768852.12 19064516.12 22804652.62
Staff Welfare Fund 159195.00 159195.00 109195. 67945 42945
Staff Gratuity fund 858765.55 828575.55 828575.55 1018615.55 0.00
Member Welfare Fund 331289.00 323289.00 72949 57949 53949
Investment Fluctuation fund 2296665.00 1121415.00 1239941 1419941 1557750
Standard Assets provision Fund 2410000.00 3710000.00 3710000.00 3710000 3710000

Silver Jubilly Function Fund 1000000.00 1000000.00 0.00 0.00 0.00

Investment Deprecation Fund 0 1277750.00 1277750 1277750 0.00

1082504581.5
Deposits 428680226.56 564814028.09 732150523.66 840171153.90
0
Society Current 2389194.43 3362168.87 2391757.83 4915186.83 2630776.88
Individual Current 10294064.00 14564883.08 17637260.19 10272526.81 26897138.96
Society Saving 3374596.93 7846868.09 3790693.10 5088037.01 12974279.20
Individual Saving 63598934.70 78495633.55 96680811.04 97636525.75 120749601.46
Society F.D.R. 118808472.00 168987350.00 299164565 356468382 420013286
Individual F.D.R. 185842592.00 253620931.00 275111125 331389698 417139555
Individual Matured F.D.R. 843399.50 519377.50 368213.50 274959.50 185910
Individual Cash Certificate 23308120.00 18241969.00 15732197 12179319 17038318
Society Cash Certificate 2636174.00 1066174.00 1176856 0.00 41725902
Amrut Monthly Deposit 721098.00 904303.00 1530700 1359350 1238500
Amrutsagar Daily Dep. 550.00 0.00 0.00 0.00 0.00
AmrutLakhapati Dep. 2045095.00 2366734.00 2738011 1847450 823015
AmrutKanyadan Dep. 10987053.00 11680467.00 12081383 12524969 12617122
AmrutKalash Dep. 9883.00 10869.00 11951 13140 14447
Silver Jubily Deposit 700000.00 210000.00 0.00 0.00 0.00
Senior Citizen Deposit 3121000.00 2936300.00 3735000 6201610 8456730
Branch Adjustment 3982.00 0.00 140120
Bills send for collection 493418.70 923642.00 50105 609143.00 4780.00

ANNEXTURE
BALANCE SHEET OF AMRUTVAHINI CO-PERATIVE BANK BANK FROM THE YEAR 20816-17

LIABILITIES

interest Capitalised 6363419.00 3634909.00 6385109 5016228.0

53
 Other Liabilities 2790485.56 5406661.17 60525431 61666159.56 39835127.35
Shares Suspense 204670.00 9920.00 3405 24035.00 6905.00
Sundry Creditors 1158214.45 899517.45 2538716.45 698116.05 715043.15
Audit Fee Payable 227023.00 286689.00 279277 352893.00 475115.00
Computer Bill Payable 84592.00 84592.00 1239187 84592.00 84592.00
Advance Locker Rent 2558.00 1761.00 3264.00 2750.00
Educational Fund payable 10000.00 10000.00 25000 25000 25000
SRO Fee Payble 100466.64 0.00 0.00
Dividand Payable. 04-05 299592.00 273247.00 263 1420218.51 623564.50
Dividand Payable . 05-06 468120.00 448432.00 364632 0.00 0.00
Dividand Payable . 06-07 0.00 382483.25 279445.51 0.00 0.00
Bonus Payable 233805.00 277036.00 0.00 368078.0 398008.0
Ex-Gratia Payable 0.00 277150.00 0.00 368229.0 398168.0
Early Leave Payble 0.00 243671.00 0.00 0.00 381566.0
Salary Allowences Provision 0.00 63000.00 3000 400000.0 24700.0
Travelling Allowences Provission 0.00 20000.00 0.00
Service Tax 1444.47 47027.47 0.00 4424.00 62943.42
Tender Fee 0.00 179400.00 248900 492325.0 563232.0
Overdraft (ADCC Fact.Br.) 0.00 1111507.00 0.00 12813365 1577283
Agri Waiver Loans Scheme (FIX
0.00 791228.00 791228 791228 0.00
Loans)

Overdue Int. reserve 19780029.25 18272752.92 18385200.12 18935985.12 19176557.45

Profit And Loss Account (Profit) 1075500.10 4076466.17 3425370.58 4086065.45

Total 517017934.15 673419021.43 937854158.72 1053715936.20 1298687855.58

ASSETS

Property & Assets 2012-13 2013-14 2014-15 2015-16 2016-17

23934357.10 33621123.26
Cash & Bank Balance 15883326.82 52934242.08 52934242.08
.46

8786651.04 9907123.67
Cash in hand 5373213.80 8786651.04 10513985.46

M.S.C. Bank 757569.97 1359214.14 1359214.14 1333367.90 2869301.46

S.B.I. Sangamner 4524006.40 27493027.44 27493027.44 7379123.48 14386683.35

A.D.C.C. Factory Br. 807160.10 3900355.92 3900355.92 710890.46 612434.09

A.D.C.C. Town C/A 744129.50 1201000.50 1201000.50 21971.04 80498.66
A.D.C.C. Factory S/B C/A 13011.80 13471.80 13471.80 14439.80 20024.80
2213943.25 2053365.42
A.D.C.C. Bank M/Y Current 2843769.32 7852155.86 7852155.86

IDBI Bank Ltd, C/A 479441.97 2207181.10 2207181.10 1093634.30 2171591.68

HDFC Bank Ltd., Sangamner 341023.96 121184.28 121184.28 322885.23 483367.91

554519625.98 694609860.66
Loans 283579611.87 348845626.13

54
 Cash Credit Loans 244031.75 97693.00 8177927.59 90257.00 29984.00
Secured Cash Credit Loans 6805215.64 8177927.59 97693.00 14669699.35 15836473.11
Contract Loans 18169675.00 18842137.98 18842137.98 26401317.00 45300397.02
Personal Loans 6198765.97 6151210.47 6151210.47 8158422.35 13537562.08
7332602.92
Hire Purchase Loans 7212818.09 7332602.92 9932374.22 10416612.67

Fixed Loans 9205780.65 16455183.65 16455183.65 47068637.50 79195309.00

Fixed loans - 60 months 64935994 86916540.75 86916540.75 148207332.75 164385704.25
Hypothecation Loans 98045685.12 103007949.55 103007949.55 131784783.40 176731107.10
Durbal Ghatak Loans 3675 0.00 0.00 0.00 0.00
3740290.00 5124043.00
Staf Housing Loans 2286282.00 2935749.00 2935749.00
25794976.00 35052880.50
Housing Loans 0.00 867222.00 867222.00

Building Construction Loans 12640202.00 7879027.00 7879027.00 0.00 0.00

Loan Ag. Society F.D.R.s 171476.00 5529087.72 5529087.72 29480344.00 33400608.60
Loan Ag. Ind. F.D.R.s 4281309.00 4521753.00 4521753.00 8893741.00 13406058.00
Loan Ag. Cash Certificates 2143472.00 1959537.00 1959537.00 955604.00 1537166.00
Loan Ag. Amrut Monthly Deposits 25200.00 47400.00 47400.00 54119.00 108827.00
Loan Ag. Amrut Kanyadans 793792.00 827732.00 827732.00 769514.00 734303.00
39728.00 161896.00 161896.00 0.00 116197.00
Loan Ag. Amrut Lakhapatis
Loan Ag.Land &House Premise 48324661.50 64057305.50 64057305.50 53748915.41 0.00
Gold Loans 2055156.00 3490479.00 3490479.00 7220533.00 20289220.75
Education Loans 0.00 899717.00 899717.00 3129453.00 2906899.00
3459043.00
Loan Receivable for Central Govt. 0.00 7706075.00 7706075.00 0.00

State Government Waiver Recivable 0.00 981400.00 981400.00 0.00 0.00

393381890.00 480628291.00
Investments 190156673.51 232501701.51 232501701.51

Property & Assets 2012-13 2013-14 2014-15 2015-16 2016-17

Share in the A.D.C.C Bank, A’nagar 10500.00 10500.00 10500.00 10500.00 10500.00
Share in M.S.C. Bank Ltd., Mumbai. 1000.00 1000.00 1000.00 1000.00 1000.00

55
 Share the M.S.C. Urban Mumbai. 10000.00 10000.00 10000.00 10000.00 10000.00
5000000.00
SBI Sangamner Br. F.D.R. 0.00 75000000 75000000 0.00

A.D.C.C.Factory Br. Deposit 15500000 26000000 26000000 0.00 0.00

70800000 85000000
A.D.C.C. Mkt.Yd. Br. Deposit 103000000 59040000 59040000

M.S.C. Bank Ltd. F.D.R. 250000 250000 250000.00 250000.00 250000.00

185691500 252561209.0
Government Sec. 62381787.51 62381787.51 62381787.6
11228084 12295582.00
Adcc Bank Ltd.Fy.br. Non Refu. Depo 9003386.00 9808414.00 9808414.00

Bills Receivable 493418.70 923642.00 923642.00 609143.00 4780.00

Interest Receivable on Loan 304656.00 1305588.79 1305588.79 1155941.00 1229149.00

Interest Receivable on Investment 3654164.00 7271111.0 14762580 20660919.00

7271111.00
Computer Dead Stock 343580.00 439735.00 439735.00 418353.00 1466355.21
Land and Builiding 79000.00 2206483.00 2634483.00 43060584.0 43627862.00
Br. Adjustment 4000.00 0.00 0.00 0.00 0.00
Furniture and Dead Stock 886731.00 673084.00 673084.00 283989.00 235032.00
Other Assets 1852743.00 8045055.00 8521632.00 2653488.00 3427926.00
Printing and Stationary Stock 167855.00 149610.00 149610.00 112550.00 243930.00
Sundry Debtors 52749.00 6103601.00 6103601.00 271000.00 65750.00
Library 6819.00 6182.00 6182.00 12764.00 11446.00
Telephone Deposit 36500.00 36500.00 36500.00 36500.00 37000.00
Block Deposit 200000.00 200000.00 200000.00 200000.00
200000.00
Proceed in Transit 27878.00 39689.00 39689.00 0.00 0.00
Vehicle 21142.00 12883.00 12883.00 0.00 0.00
Electric Deposit 8300.00 17101.00 17101.0 17101.00 20301.00
Income Tax Paid Under Protest 80000.00 80000.00 80000.0 80000.00 80000.00
Service Tax Recivable Cr. 0.00 6489.00 0.00 0.00 0.00
Advance Tax Paid 770000.00 965000.00 1500000.00 2500000.00
965000.00
Building 481500.00 428000.00 0.00 0.00 0.00
18935985.12
Overdue Int. Receivable 19780029.25 18272752.92 18272752.92 19176557.45

1053715936.20 1298687855.58
Total 517017934.15 673419021.43 673419021.43

56
PROFIT & LOSS A/C OF AMRUTVAHINI CO-OPERATIVE BANK BANK FROM THE YEAR 2012-
16

Expenditure 2012-13 2013-14 2014-15 2015-16 2016-17

Interest Paid on Deposits 32196586.83 46737525.42 61338247.62 53278014.00 85138944.11

Interest Paid on Overdraft 0.00 1566514.00 987998.00 3968070.00 5076350.00
Salary & Allowances 3326294.00 3939691.00 4642836.00 5538756.00 6005977.00
Travelling Allowances 151061.54 176741.10 219230.95 160260.13 256861.47
Conference & Training 35700.00 22200.00 26187.00 15936.00 11350.00
Ex-Gratia Paid 284232.00 859997.00 399126.00 1146634.00 946514.00
Saff Insurance 8292.00 8292.00 7800.00 8400.00 8000.00
Bonus paid 233805.00 277036.00 0.00 692233.00 398008.00
Early Leave Paid 0.00 367430.00 0.00 725360.00 402116.00
Staff Gratuity Fund 0.00 173000.00 0.00 500000.00 3481384.45
Cash Remittance / clearing charges 19930.00 26072.00 30284.00 40190.87 71161.68
Staff Unifrom 39134.00 0.00 0.00 8570.00 13714.00
Administration Charges 42351.00 44678.00 43282.00 46225.00 45433.00
Printing and Stationary 170100.29 139396.70 228761.68 162990.81 215105.40
Audit Fee 200000.00 250000.00 200000.00 325000.00 400000.00
Blanket Insurance Premium 15000.00 18500.00 28817.00 34324.00 49324.00
Dicgc Insurance Premium 372108.04 496788.54 672208.46 786701.00 950138.09
Other Charges 178711.02 166048.50 302186.31 365292.58 525890.08
Advertisement 125514.50 206799.00 99773.00 234500.00 322344.00
Board Meeting exp. 74008.24 82799.80 0.00 84885.08 96536.98
General Meeting exp. 86465.27 58957.98 98120.85 133676.34 121285.32
Office Rent 133116.00 123739.00 87764.00 69090.00 97464.00
Membership Subscription 29580.00 27270.00 43000.00 43000.00 43000.00
Light Bill 65840.00 49066.00 104082.00 144717.00 290392.00
Court Expenses 0.00 26434.50 0.00 17898.00 19114.22
Legal Charges 10000.00 4000.00 15300.00 7500.00 0.00
Vehicle Expenses 12644.84 19744.03 13810.83 19853.44 32720.27
Education Fund 10000.00 10000.00 25000.00 25000.00 25000.00
Rebate on loan and advances 1973580.00 2889920.00 1478163.00 6178830.00 5193656.00
Surcharge 0.00 141487.36 63184.00 14466.00 4314.00
Building, computer, counter repairs 130112.40 73079.00 125309.00 86141.30 189207.30
Depreciation 441033.00 495928.00 493826.00 2722597.19 3756101.00
Audit Expences 12955.00 20824.00 19373.00 5169.00 27233.00

Telephone 59042.41 56900.00 153014.00 93288.00 61572.42

Fringe Benefit Tax 17430.00 40000.00 0.00 0.00
Bank Commission 6069.35 12527.01 10625.45 27036.54 25605.47
Income Tax Paid 889402.00 633335.00 3889034.00 3439548.00 500380.00
Profession Tax 0.00 5000.00 2500.00 0.00
Investment Fluctuation Fund 102000.00 102500.00 118526.00 180000.00 280000.00
Bhumipujan Samarambh 201950.40 0.00 0.00 0.00
Reservere for Bad & Doubt. Debt 150000.00 6568173.00 0.00 900000.00 3500000.00

57
Contingent Provision (Standard Assets) 902000.00 1300000.00 0.00 0.00 0.00
Over due Int. Reserve Provision 390469.22 0.00 732590.00 2120263.00 536068.00
Total Expenses 42894567.95 68420344.34 0.00 77575814.74 123817406.57
Net Profit 1075500.10 4076466.17 1342726.73 3425370.58 4086065.45
Total 43970068.05 72496810.51 78644157.08 89229417.74 127903472.02

Income 2012-13 2013-14 2014-15 2015-16 2016-17

Interest Recived on Advances 29402184.75 49875967.17 51333118.2 62849501.40 92151948.65

Interest Received on Investments 10033077.00 18082844.00 26025393.7 16166561.73 16099627.42
Interest Recived on Govt. Securites 3641582.62 3621462.56 5677584.70 8667995.03 17976151.75
Commission & Exchange 208872.00 277858.00 227927.37 379427.85 417247.00
Other Income 33118.00 33364.00 1285645.18 138758.00 151563.00
Dividend Received 945.00 945.00 0.00 1890.00 945.00
Process Charges 557526.18 564107.38 792280.00 781595.73 844797.20
Visit Report Charges 800.00 8284.40 28200.00 38240.00 40431.00
Locker Rent Received 18835.00 15273.00 19733.00 9982.00 67197.00
Court Exp. 48253.00 0.00 9624.34 0.00 0.00
Postage & Telegram 24874.50 16705.00 0.00 0.00 0.00
   
 
Total 43970068.05 72496810.51 78644157.08 89229417.74 127903472.02

58
59